Salary survey reveals ageing workforce and junior engineers' pay drop

This is one of the numerous findings from The Engineer’s 2016 Salary Survey, which has seen average salaries for junior engineers drop £3,462 to £28,771.

However, for engineers in all sectors, 2016 has witnessed a modest uptick in average salaries to £45,367 (from £45,055 in 2015). As in 2015, this compares favourably with average salaries across other professions in the UK, sitting just below the £50,606 and £48,590 earned by qualified accountants and those in banking, respectively, but above the £44,818 earned by professionals in the financial services industry.

In total, 3,698 respondents from 18 engineering sectors provided a candid insight into their salaries, careers, levels of job satisfaction and other insights, which can now be compared to 2015’s survey.

This year’s Salary Survey has been produced in with Matchtech, with managing director, Keith Lewis noting that over 80 per cent of respondents expect to remain in the industry for the next five years.